Is DeepSeek Losing Momentum? Data From Web Analytics Firm Shows That Chinese AI Star Slowed By 40%

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Chinese AI upstart DeepSeek, which was trained for a fraction of the price of Western competitors , seemingly appeared out of nowhere when it topped the App Store charts, dethroning ChatGPT, and causing significant stock market turbulence. Like most so-called "overnight" successes, it has actually been around longer than many realize, but its rise has skyrocketed over the past fortnight.

According to fresh Similarweb data, on November 9, 2024, when ChatGPT led AI platforms with 100.4 million global daily visits, followed by Bing.com with 57.3 million, Google's Gemini with 7.5 million, and Character.ai with 6.5 million. DeepSeek was also present in the rankings, but much lower down with just 88,200 visits.

From there, DeepSeek began a slow but steady climb, reaching 336,800 visits on Christmas Day before hitting 1 million daily views on December 29. After that, its growth accelerated rapidly. On January 25, DeepSeek moved into third place in the AI rankings table with 8.2 million daily visits, surpassing Google Gemini in fourth with 7.1 million, but still trailing behind Bing with 56.4 million and the leader, ChatGPT, with 99.3 million.

Week-over-week, DeepSeek has experienced meteoric growth of 614.2%, but the recent downward trend suggests it may be losing momentum. Many users, driven by curiosity, have tried the platform but either found it lacking compared to more established competitors or simply didn't find enough reason to continue using it regularly.